Philippe Desmazes/Agence France-Presse — Getty Images
As my fellow blogger friend over @ Whatever Works blogged a few hours ago….
Sarkozy is the 11th European leader to lose their job due to HUGE CUTS in their countries budgets and spending…..
There IS a message here……
It seems to be that the Democrats have it right in trying to ‘prime the American pump’
And the Republican’s are WRONG in their continual calls for more cuts….Cuts….and CUTS….
In fact most economists now complain that President Obama should have gambled for a LARGER stimulus instead of being afraid to ask for more….
People don’t much care about balanced budgets….
It really has no immediate effect on them…
But HUGE cuts in spending and cuts in employment do effect them….
It is NO coincidence that Europe is slipping BACK into a recession…..
The truth is spending IS the way move into stronger economies….
And America HAS taken that course inspire of the political tear-down the GOP would like…..
One thinks that the Republican’s know this….
And are alright with risking the Economic health of 300 million people to get rid of the current President by MAKING HUGE cuts a plufdging the country into an
Economic tailspin so that THEY can blame the President…..
Get his job…
Then SPEND the money needed..
To gain political power….
IOt’s gonna be up to smart Americans to NOT let what happened to Europe …
While Republican Governors have infact started the European Cutting Policy….
American’s need to do what they have done in EWurope…
Vote with their feet to defeat those politicians that would sacrifice OUR economy for their own political power….
Mr. Sarkozy became the latest European leader to lose his post amid economic upheaval and the first French incumbent to be rejected since 1981.
In his five years in office, he propelled France, and himself, into a more central role in world affairs, rejoining the NATO military command and helping drive an international military campaign in Libya. He also proved to be a difficult but crucial ally of Chancellor Angela Merkel of Germany in their joint effort to master the European debt and currency crisis and save the euro.
That project, however, received multiple blows on Sunday, when Greek voters sent their own message against austerity. They handed the two main parties, both of which had pledged to follow harsh international bailout terms, significant losses as they streamed to parties on the far left and far right that have opposed budget cuts. In the process, voters cast into question the ability of any party to form a government soon, let alone continue with the austerity program.
For their part, French voters may not like belt-tightening, but both Mr. Hollande and Mr. Sarkozy had promised to balance the budget in the next five years.
The balance between reducing the debt and addressing popular anger is proving complicated for Europeans, and Mr. Hollande has said that he intends to give “a new direction to Europe,”demanding that a European Union treaty limiting debt be expanded to include measures to produce economic growth. Domestically, he has promised to raise taxes on big corporations and raise the tax rate to 75 percent for those earning more than one million euros a year.
Calling his victory “a fresh start,” Mr. Hollande pronounced: “Austerity need not be Europe’s fate.”
Photo….Sarkocy…..Michel Euler/Associated PressShare on Facebook